In response to a provisional ruling by the Netherlands Trade and Industry Appeals Tribunal, the Netherlands Competition Authority (NMa) has decided to reduce Ballast Nedam’s fine to 1.5 million euros. Ballast Nedam, a Dutch construction and engineering company, was fined 14.5 million euros in 2003 for violations of the competition law from 1998 to 2001. The most recent reduction is the second time the original fine was scaled back: in 2006, the fine was reduced to 7.9 million euros. The Trade and Industry Appeals Tribunal will review the NMa’s reduction and then issue a final ruling.
Full content: MarketWatch
Related content: Antitrust Oversight: More an Art than a Craft (Pieter Kalbfleisch, Netherlands Competition Authority)
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI